Vancouver, Canada, December 30, 2016 – Optimal Energy B.V. (the “Acquiror
”) announces that, on December 30, 2016, it acquired 8,464,500 common shares of Ceylon Graphite Corp. (formerly NWest Energy Corp.) (the “Company
”) and 8,464,500 special warrants of the Company in exchange for 5,000 common shares of Plumbago Refining Corp. B.V. (“Plumbago
”) held, in connection with a Reverse Takeover (as that term is defined by the policies of the TSX Venture Exchange (“TSXV
”) (the “RTO
”) of the Company by Plumbago which was conducted through the facilities of the TSXV.